Originally Posted by
carnarvon
I don't know who you are referring to with "they", but some form of competition has started regarding FB.
By "they" in this case i mean visa , following their move/partnership with ALL
Originally Posted by
carnarvon
As mentioned here, Mooncard generates 1 mile for each Euro spent with the corporate card and 1.5 miles for the Premium Card.
Mooncard is , as far as i know , only available for corporate customers
Originally Posted by
bostontraveler
On a financial level Amex enjoys hugely inflated discount rates compared to Visa/MC in Europe.
what are these discount rates ??
Originally Posted by
bostontraveler
What fintech in Europe is going to bring strong revenue to AF? In France there is Qonto but it’s way too small..
FFPs and airlines/hotels miles is a niche market so yeah unfortunately you are right
Originally Posted by
bostontraveler
Which leaves the big and tired French banks. I don’t think BNP Paribas or Soc Gen are going to be willing to invest in a competitive product because their discount rates are so minuscule. Their revenue model would have to be fee-based and consumers aren’t going to pay 1000€ for top-tier services.
One of the reasons why US cards are so aggressive with bonuses, miles, etc is precisely that their discount rates are ridiculously high (and they have free reign to mess around with customer terms and conditions, charge usurious rates etc etc) all of which is not possible in Europe.
Just my two cents.
100% agree